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Ironbark Zinc major shareholder increases position

The company's flagship project is its Citronen Zinc Project in Greenland.

shareholder concept
The company also owns base metals projects

Ironbark Zinc Ltd (ASX:IBG) major shareholder Toronga Pty Ltd and Dulyne Pty Ltd have increased their joint major shareholding in the company to 11.27% from 10.02%.

The associated private companies which hold the 80 million shares increased their position through a number of on-market trades between December 2018 and March 2019.

READ: Ironbark Zinc's EM survey identifies broad strong bedrock anomalism at Captains Flat

Last month, Ironbark completed a HeliSAM electromagnetic (EM) survey over the large-scale Jerangle prospect at its Captains Flat base metals project in NSW.

The survey was financed by Ironbark and Glencore PLC (LON:GLEN) subsidiary New South Wales Base Metals on a 50:50 basis, which reflects the project ownership.

Quick facts: Ironbark Zinc Ltd

Price: 0.015 AUD

ASX:IBG
Market: ASX
Market Cap: $13.8 m
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Ironbark Zinc demonstrates 'proof of concept that derisks the project in a...

Jonathan Downes, managing director of Ironbark Zinc Ltd (ASX:IBG), speaks to Proactive Investors about development of the Citronen Zinc-Lead Project in northern Greenland, as the emerging producer announces hitting the milestone of demonstrating shipping access. A mining services...

on 3/9/18

2 min read